Some More Trade Setups In This Market Bounce

Huge rally on Friday followed up with another gap down today. But the bulls are trying to buy up this dip. I have my suspicions of it though as oil is down over 5% today and stocks are struggling to fight oil's influence. There's no doubt that this market can still rally, but if this is assumed to be a dead cat bounce, how much higher can we really expect the market to go from here? 

With that said, there are a number of long setups I am watching today and the the week ahead. Some of the names that really stick out to me at this time are BLMN, FINL, CREE, M, GWR, WAB, CAT, TWX. The biggest issue will be finding ideal risk setups considering that there may not be a lot of overhead room for the market to rally with heavy resistance looming around 1990-2000 area. 

Here's the bullish setups to follow: 

bullish watch-list 2-1-16

2016 couldn't be any more crazier than it is right now and you are probably searching for a way to conquer these senseless markets. So do yourself a favor, stay in the game and sign up to ...

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.